By staff writers

January 17, 2012 -- Japanese industrial giant Fujifilm has begun its tender offer to acquire all outstanding shares of SonoSite common stock for $54 per share.

The tender offer, scheduled to expire on February 15, is part of Fujifilm's proposed $995 million acquisition of the compact-ultrasound firm.

Upon completion of the acquisition, SonoSite will become a wholly owned subsidiary of Fujifilm, the parent company of Fujifilm Medical Systems USA, and will continue operations in Bothell, WA.

Copyright © 2012

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